It’s July and one thing that is on everyone’s mind is the filing of tax returns. The Income tax department has taken several steps to ease the process and increase compliance. Some of the technology initiatives that have been undertaken by the tax department include e-payment of taxes, simplified tax return forms, e-verification of ITR-V, e-assessments etc. In addition, the tax department’s digital communication via regular e-mails, text messages and advertisements has increased awareness amongst taxpayers.
Nowadays, one should not feel hesitant in filing their income tax returns. There are several websites which also helps you filing your returns with ease.
Amarpal S Chadha, Partner and India Mobility Leader, Ernst & Young LLP said that all these initiatives and the focus on unaccounted money have increased the taxpayer base, with the number of e-returns filed increasing to 5.28 Crore in the financial year 2016-17 from last year’s 4 Crore approximately. “As tax authorities move towards greater digitisation, taxpayers should follow the developments closely to ensure compliance and hassle-free correspondence with the tax authorities,” he said.